Monzo crossed £1B in gross profit for the first time, marking its third straight profitable year
Revenue jumped 39%, while adjusted pre-tax profit rose 20% to £172.6M
The fintech is accelerating its European push with launches in Ireland and Spain
British digital bank Monzo has crossed a major financial landmark, reporting more than £1 billion in gross profit for the first time as it ramps up expansion across Europe. The London fintech posted adjusted pre-tax profits of £172.6 million for the year, up 20% year-on-year, extending its profitability streak to three consecutive years.
Revenue surged 39%, driven by strong performance across four major income streams, current account balances, borrowing, payments, and wealth products, each contributing more than £300 million. Monzo also added a record 3 million customers over the year, taking its regular user base to 10.4 million.
